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Blog
News

Fort George to revive canning at Astoria Warehousing

The Astorian

Craft3

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October

2019

After purchasing the 5-acre campus for $8 million last week, Fort George Brewery co-owners Chris Nemlowill and Jack Harris are looking forward to an expansion they hope will add lots of beer and 35 manufacturing jobs over the next five years.
Blog
News

Craft3 gets $50 million for projects in low-income areas

Portland Business Journal

Craft3

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May

2019

The nonprofit lender Craft3 has received $50 million in federal New Markets Tax Credits to help fund community and economic development projects in low-income census tracts.
Blog
News

Nonprofit sees new life at Astoria Armory

The Astorian

Craft3

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December

2018

After nearly five years of excising the Armory’s buried environmental demons with the support of financial lender Craft3, Friends of the Astoria Armory last week took possession of the building, beginning a new chapter of its renovation into a modern performance venue.
Blog
News

Commerce grants $3 million from Clean Energy Fund to Nonprofit Lenders

Washington State Department of Commerce

Craft3

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September

2018

Craft3, Puget Sound Cooperative Credit Union and Washington State Housing Finance Commission revolving loan funds encourage home renewable energy and heating projects; commercial and industrial energy efficiency retrofits, clean tech manufacturing, electric vehicles
Blog
News

Northwest School of Wooden Boatbuilding offers new programs to answer need in trades

Peninsula Daily News

Craft3

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April

2018

The Northwest School of Wooden Boatbuilding has launched new programs to address the region’s need for skilled marine systems technicians, according to Executive Director Betsy Davis.
Blog
News

High Desert Biomass Cooperative Buys Heating System

Burns Times-Herald

Craft3

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November

2017

HDBC signed the papers to buy out the co-op formed several years ago by Wisewood Energy and Harney Community Energy to provide sustainable heating to Harney County School District, the Harney County Courthouse, and Symmetry Care.
Blog
News

So long, Sugar Shack: Affordable housing planned at Living Cully Plaza

Street Roots

Craft3

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November

2017

Hacienda CDC, a nonprofit affordable housing developer, has announced it will build 150 units of affordable housing in the housing-starved Cully neighborhood – all on a site better known for a notorious strip club.
Blog
News

Former Craft3 CEO honored in memoriam

The Astorian

Craft3

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September

2017

The Opportunity Finance Network, an national network for community development financial institutions, posthumously gave the late John Berdes, the founder and former president and CEO of Craft3, the 2017 Ned Gramlich Lifetime Achievement Award for Responsible Finance.
Blog
News

Former Astoria city manager heads Craft3 board

The Astorian

Craft3

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November

2016

Paul Benoit, a former city manager of Astoria, has been elected chairman of nonprofit lender Craft3’s board of directors. He took over from Steve McConnell, who served in the position since 2007.
Blog
News

Craft3 hires new leader from within

The Astorian

Craft3

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August

2016

Nonprofit lender Craft3 has chosen Adam Zimmerman as the new president and CEO. He takes over for John Berdes, who died in June of lung cancer.
Blog
News

John Berdes Obituary

The Seattle Times

Craft3

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July

2016

John Berdes, president and CEO of Craft3, an unconventional lending institution, died Sunday, June 12, 2016 of lung cancer. He lived in Seattle and was 58.
Blog
News

Sugar Shack deal a sweet opportunity for Portland’s Cully neighborhood

Street Roots

Craft3

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October

2015

A nonprofit coalition’s acquisition of the blighted, defunct 'adult super center' could be key to energizing Portland’s impoverished Cully neighborhood
Blog
News

Zenger Farm retires its creaky farmhouse for a gleaming $2.3M urban grange

Portland Business Journal

Craft3

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July

2015

Zenger Farm has at long last retired the two-bedroom farmhouse where it operated its community farm and welcomed 10,000 school children every year.
Blog
News

Craft3 of Bend, Oregon Helps Fry Foods Bring 304 Jobs to Ontario, Oregon

Cascade Business News

Craft3

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April

2015

Craft3’s loan is the first piece of financing needed by Fry Foods to reopen the former Select Onion facility in Ontario, Oregon. The expanded processing facility will bring more than 300 jobs to Ontario and boost the economy.
Blog
News

Ilwaco-based Craft3 continues to evolve despite its low profile

The Astorian

Craft3

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January

2015

Craft3 continues to evolve into a regional lender with six offices mostly west of the Cascades and a Spokane location planned for the first quarter of 2015.
Blog
News

Selling an Energy Efficiency Loan Portfolio in Oregon: Resale of the Craft3 loan portfolio to Self-Help Credit Union

Lawrence Berkeley National Laboratory

Craft3

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June

2014

Under the Clean Energy Works (CEW) program, Craft3 developed a loan product that widened access to financing for homeowners, offered long term funding, and collected repayments through the customer’s utility bill.
Blog
News

Commerce names lenders for $14.5 Million Clean Energy Loan Fund

Washington State Department of Commerce

Craft3

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November

2013

Craft3 and Puget Sound Cooperative Credit Union selected to manage state revolving loan funds for supporting widespread use of proven building energy efficiency and renewable energy technologies
Blog
News

Nonprofit alternative lender Craft3 helps businesses start and grow

Puget Sound Business Journal

Craft3

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May

2012

Somewhere between a conventional small-business loan and hard-money loan exists a type of financing that might be the right avenue for growing a business: alternative lending.
Blog
News

Financial innovators look to widen impact with new name, Craft3

The Astorian

Craft3

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February

2012

Enterprise Cascadia has changed its name. The financial institution that split from ShoreBank operations in 2010 is seeking to establish a new brand. The name is Craft3.
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